Idaho Regulator Mary Hughes Appointed to FFIEC State Liaison Committee

January 5, 2015 – Mary Hughes, an active member of the National Association of State Credit Union Supervisors (NASCUS) who serves as the Financial Institutions Bureau Chief of the Idaho Department of Finance, has been selected to serve on the State Liaison Committee (SLC) to the Federal Financial Institutions Examination Council (FFIEC). As the NASCUS FFIEC SLC representative, Hughes’ role is to assure that state credit union regulatory and system issues are considered by fellow SLC members and by federal agency members of the FFIEC (Fed, FDIC, NCUA, OCC, and CFPB).

Hughes, whose duties with the Idaho Department of Finance include oversight of Idaho’s state-chartered banks and credit unions, has served as an officer and director of NASCUS. She succeeds Thomas Candon, former Deputy Commissioner of Banking for the Vermont Department of Financial Regulation and longtime NASCUS member, who left state service on December 31, 2014. Hughes will serve through the remainder of Candon’s term, which ends March 31, 2015.

Hughes was first employed by the Idaho Department of Finance as a deputy attorney general in 1990, primarily litigating cases brought to enforce the state’s securities and mortgage laws; she was appointed the Department’s lead attorney in 1997. She served as the Consumer Finance Bureau Chief, supervising the state’s non-depository financial institutions, from 2000 until 2003, at which time she was appointed to her current position.

In addition to NASCUS, Hughes is also active with the Conference of State Bank Supervisors. She remains an active member of the Idaho State Bar.

Hughes joins the current four members of the SLC who are: SLC Chairman David Cotney, Commissioner of Banks for the Commonwealth of Massachusetts; Lauren Kingry, Superintendent of the Arizona Department of Financial Institutions; Karen Lawson, Director of the Office of Banking within the Michigan Department of Insurance and Financial Services, and Michael Mach, Division of Banking Administrator for the Wisconsin Department of Financial Institutions.